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1. Prepare a statement of cash flow on indirect method AB company Comparative balance sheet Taka Particulars Taka Assets: Cash 215,000 $7,000 74,000 12,000 70,000 750,000 (90,000) 6.000 1124.000 70,000 55,000 60,000 20,000 S0,000 550,000 (70,000) 10.000 775.000 Account receivable Inventory Prepaid expense Investments Property.plant and equipment Accumulated depreciation Patents Total assets Liabilities and Capital: bleבינp תtתAccou Accred liabilities Taces payable Long term Notes payable Common stock Additional paid in capital Retained earning Total liabilities and equity 37,000 26,000 18,000 100,000 200,000 336,000 407.000 1124,000 50,000 40,000 4,000 200,000 256,000 195.000 275.000 AB Company Income statement 14,50,000 Sales Cost of goods sold Gross profit 180.000 670,000 Operating expenses Pre-tax operating income Gain on sale of ivestments Gain on sale of equipment Pre-tax income 200,00 380,000 6,000 4,000 390,000 78,000 Income taces Net income 040.כונ a)Stock option expense of TK.50,000 was recognized in 2017 b)Equipment of TK210,000 was purchased using TK.100,000 notes payable and cash C)Equipment with cost of TK.10,000 and book value of TK5,000 was sold for TK9,000 djInvestments with a cost of TK.10,000 were sold for TK.16,000

1. Prepare a statement of cash flow on indirect method AB company Comparative balance sheet Taka Particulars Taka Assets: Cash 215,000 $7,000 74,000 12,000 70,000 750,000 (90,000) 6.000 1124.000 70,000 55,000 60,000 20,000 S0,000 550,000 (70,000) 10.000 775.000 Account receivable Inventory Prepaid expense Investments Property.plant and equipment Accumulated depreciation Patents Total assets Liabilities and Capital: bleבינp תtתAccou Accred liabilities Taces payable Long term Notes payable Common stock Additional paid in capital Retained earning Total liabilities and equity 37,000 26,000 18,000 100,000 200,000 336,000 407.000 1124,000 50,000 40,000 4,000 200,000 256,000 195.000 275.000 AB Company Income statement 14,50,000 Sales Cost of goods sold Gross profit 180.000 670,000 Operating expenses Pre-tax operating income Gain on sale of ivestments Gain on sale of equipment Pre-tax income 200,00 380,000 6,000 4,000 390,000 78,000 Income taces Net income 040.כונ a)Stock option expense of TK.50,000 was recognized in 2017 b)Equipment of TK210,000 was purchased using TK.100,000 notes payable and cash C)Equipment with cost of TK.10,000 and book value of TK5,000 was sold for TK9,000 djInvestments with a cost of TK.10,000 were sold for TK.16,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Prepare a statement of cash flow on indirect method AB company Comparative balance sheet Particulars Assets: Cash Taka Taka 215,000 87,000 74,000 12,000 70,000 750,000 (90,000) 6.000 1124.000 70,000 55,000 60,000 20,000 80,000 550,000 (70,000) 10.000 775.000 Account receivable Inventory Prepaid expense Investments Property,plant and equipment Accumulated depreciation Patents Total assets Liabilities and Capital: Accounts payable Accured liabilities Taxes payable Long term Notes payable 50,000 40,000 4,000 37,000 26,000 18,000 100,000 200,000 336,000 407.000 1124,000 Common stock Additional paid in capital Retained earning Total liabilities and equity 200,000 286,000 195.000 775.000 АВ Сompany Income statement Sales 14,50,000 780,000 670,000 290.000 380,000 6,000 4,000 390,000 78,000 312.000 a)Stock option expense of TK.50,000 was recognized in 2017 Cost of goods sold Gross profit Operating expenses Pre-tax operating income Gain on sale of investments Gain on sale of equipment Pre-tax income Income taxes Net income b)Equipment of TK.210,000 was purchased using TK.100,000 notes payable and cash C)Equipment with cost of TK.10,000 and book value of TK.5,000 was sold for TK.9,000 d)Investments with a cost of TK.10,000 were sold for TK.16,000
Transcribed Image Text:1. Prepare a statement of cash flow on indirect method AB company Comparative balance sheet Particulars Assets: Cash Taka Taka 215,000 87,000 74,000 12,000 70,000 750,000 (90,000) 6.000 1124.000 70,000 55,000 60,000 20,000 80,000 550,000 (70,000) 10.000 775.000 Account receivable Inventory Prepaid expense Investments Property,plant and equipment Accumulated depreciation Patents Total assets Liabilities and Capital: Accounts payable Accured liabilities Taxes payable Long term Notes payable 50,000 40,000 4,000 37,000 26,000 18,000 100,000 200,000 336,000 407.000 1124,000 Common stock Additional paid in capital Retained earning Total liabilities and equity 200,000 286,000 195.000 775.000 АВ Сompany Income statement Sales 14,50,000 780,000 670,000 290.000 380,000 6,000 4,000 390,000 78,000 312.000 a)Stock option expense of TK.50,000 was recognized in 2017 Cost of goods sold Gross profit Operating expenses Pre-tax operating income Gain on sale of investments Gain on sale of equipment Pre-tax income Income taxes Net income b)Equipment of TK.210,000 was purchased using TK.100,000 notes payable and cash C)Equipment with cost of TK.10,000 and book value of TK.5,000 was sold for TK.9,000 d)Investments with a cost of TK.10,000 were sold for TK.16,000
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